Gore-Backed Car Firm Gets Large U.S. Loan

When we first heard this, we thought it was a joke but after reading The Wall Street Journal, we have discovered it is no joke. The OBAMA Department of Energy has been been working with this Fisker Automotive company to make sure every t was crossed and i dotted on the application. What a waste of time on the application because this was a done deal after all their campaign donations to Democrats. Wonder if they donated to ACORN as well? A government backed loan for $529M to build a hybrid sports car in Finland that will sell for $89,000 a piece backed by Al Gore makes ZERO sense and is a waste of any American dollars.

How is this helping the American automobile industry and what are we doing guaranteeing a Government backed loan to build a car in Finland that cost $89,000?

Guess according to Democrats who call us racist for daring to disagree with Obama and Bill Clinton who has brought back the vast right win conspiracy mantra, we need to sit down, shut up and ignore the spending of our tax dollars that is out of control or the fact the Government backs a loan for an $89,000 car for Finland. Call us anything you want but we are not staying silent, and we are not going away. What does this tell you about the Democrats in control of the WH and Congress? They are for the elitist of the world.

This is nothing short of a boondoggle to get Al Gore money while the Government backs loans to build high price cars for the wealthy in Finland. At the same time this Administration led by Obama, Pelosi, Reid want Americans to do with less and intend to tax us in order to save to save energy.

Every day brings one more reason for this website to highlight the elitist leftist nature of this Administration and Congress. Where are members of the MIA media on this one? Wall Street Journal doesn't count because people like Clinton, Obama, Pelosi, Reid and Soros count them conservative so their opinion carries no weight.

Gore-Backed Car Firm Gets Large U.S. Loan
September 25, 2009
By JOSH MITCHELL and STEPHEN POWER
(See Corrections & Amplifications below.)

WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.


Fisker's Karma hybrid sports car, above, will initially cost about $89,000.

Fisker's Karma hybrid sports car, above, will initially cost about $89,000.
The awards to Fisker and Tesla have prompted concern from companies that have had their bids for loans rejected, and criticism from groups that question why vehicles aimed at the wealthiest customers are getting loans subsidized by taxpayers.

"This is not for average Americans," said Leslie Paige, a spokeswoman for Citizens Against Government Waste, an anti-tax group in Washington. "This is for people to put something in their driveway that is a conversation piece. It's status symbol thing."

DOE officials spent months working with Fisker on its application, touring its Irvine, Calif., and Pontiac, Mich., facilities and test-driving prototypes.

Matt Rogers, who oversees the department's loan programs as a senior adviser to Energy Secretary Steven Chu, said Fisker was awarded the loan after a "detailed technical review" that concluded the company could eventually deliver a highly fuel-efficient hybrid car to a mass audience. Fisker said most of its DOE loan will be used to finance U.S. production of a $40,000 family sedan that has yet to be designed.

Excerpt: See Wall Street Journal for Full Article